REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 FOR FRIENDS FOR YOU Flsablllllah Foundation Ch3nly r.o 11MI% A Patel & Co. INWI Limited 341 Derby Street, Bofton, BL3 6LR Company Reg No. 4970208 Pagell
CONTENTS OF THE FINANaAL STATEMETr¥rs FOR THE YEAR ENDED 31 MARCH 2024 FRIENDS FOR YOU Page Page Reference and Administrative Details Report of the Trustees 4t05 Independent Examiner's Report Appendlx: Friends for you Financial Accounts for the year ended 31 March 2024 Notes to the Abbrevlated accounts Balance sheet Trading & Profit &10s5 account Schedule of fixed assets Page12
FRIENDS FOR YOU REFERENCE AND AOMINISTRATIVE DAll5 FOR THE YEAR ENDED 31 MARCH 2024 TrUSTEES: Imtiyaz Kola Sakil Kola Mu5taq Munshi Iqbal Kola Karim Khan Siraj Chanchwelia Mohseen Ali Reglstered charity number 1159911 Principle Addres5: 46 - 48 St Helens Road IFirst Floor- Back Entrance) Bolton BL3 3NJ Independent Examiner: A Patel & Co. INWI Limited 341 Derby Street, Bolton, BL3 6LR Company Reg No. 4970208 Pagel 3
FRIENDS FOR YOU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with the financial statements of the charity for the year ending 31 March 2024. The trustees have adopted the provisions of Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective l January). Our projects for the year 2023-2024 have continued successfully in countries effected by the refugee crisis in Jordan, Lebanon, and Bangladesh for the Rohingya refugees. We also distributed aid for the victlms of Floods and for the earthquake victims in Turkey and Morocco in 2023. Our work brought relief to thousands of families. Our team also continued their work in India, and trustees travelled to India to verify and to start new projects for the next few years. As reported in last yearf5 Statement, we have now started the buildin8 work for our housing and girls school projert. Our Orphans Umrah program continues, and again this year we sponsored 30 orphans to perform Umrah. We also continue to SUPPOrt thousand5 Qf families with basic daily items like, food, water, medical support, income 5UPPOrt. community support. and free education support. Financial review- Reserve5 and financial performance The Chority raised £4(X),(XIO in income for this period and have distributed £365,OW to worthy causes for this financial year. The charity has sufFicient reserves to cover expenses for MO than 18 months in line with our reserves policy. The Charity will always look to minimized overheads and wlll contlnue to monitor costs and funds to have sufficient funds in all area5 to continue our work. The charitvs funds and donations have increased in line with expectations. In the event of reserves fallin8 significantly below the target level, we will aim to restore the reserves as soon as possible by increasing fundraising, Increasin8 sponsors and other means where possible including reducing expenditure. Similarly, if reserves are significantly above the target level, the charity will put in place a plan as soon as possible, aiming to eliminate the excess within two years by spending on new projects and increase provisions for poor families in need. The trustees will not. however. take any steps that mi8ht call into question the ability of the charity to continue a5 a financially viable operation in the long term. On behalf of all the trustees at Frlends For You, we would Ilke to slncerely thank all our donors and supporter5 overthe year5 forthelrfantastl¢ sUPPOrt. We extend our thanks to our hardworklng stsff and volunteers in Indla and in the UK. Our thaDk5 a150 goe5 out to our partners in Lebanon and Bangladesh for maklng our refugee projerts possible. Without our teams and partners around the world, carrylnz out our charlty work would be very dlfficult. All projert details are avallable on our website at: www.friendsfo ou.or .uk Significant activities We continue our work for many projects despite the challenges we face during ongoing and new confllcts in many countries around the world. In 2023124, we have again been impacted by inflation such a5 material and labour costs to name a few. The continued currency volatility, and difficulties in supply of material due to the continued conflict in Ukraine and new conflicts in the middle east and elsewhere carries on. Despite these challenges. we have overcome these issues and Still continue with all our projects. Food Aid- Friends For You managed to deliver our pro8ram of food parcels and hot mea15 successfully to many countries including Turkey, Morocco where thousands of famllies lost their homes and into the refugee camps in Jrdan. Lebanon, and Bangladesh. We distributed thousands of food parcels and Pa8e14
hot meals to many poverty-stricken areas of India, and the Syrian refugee camps in Jordan & Lebanon. We distributed enou8h food parcels to produce nearly one million hot meals in 2023124. Watsr Ald Hand pumps - Many families can have access to water all year round. In 2023124, over 120 hand pumps were provided which can be acce55ed by over a thousand families who OtheIse would have little or no access to water. This facility will last for many years to come, 8eneratin8 Duas and Sadaqa e Jariyah to all those who donated Bore Well Dozens of bore wells were installed in different parts of small and large villages in many parts of India. A Single bore well can pump enough water to supply a small village with daily water for up to 2C#l+ families. This facility also provides local mosques and community centres for their water needs. Again, this facility will last for many years to come, generating Duas and Sadaqa e Jariyah to all those who donated. Medlcal Ald - Millions of families suffer in silence because they have no access to medical funds and facilities. We do our absolute best to provide as much help as possible. However, due to lack of funds, many thousands continue to suffer in silence. Child Sponsorlsupport - in 2024 we have registered 140 children back into school As everything returns to normality, we will take in more children in 2024. Children need their education for their future. We will continue to expand our e(iucatlon program depending on funds raised. We thank all our child sponsors who continued their child sponsor5 and those donors who helped maintain the school. CommunStyAld-We Contlnued throughout 2023 helping communities meet their everyday needs by providing a safe place for congregation by repairin8, improving, or extending building5 With facilities to meet the needs of the community. Refugees around the world - we have resumed our international duties for our work in the refugee camps in Jordan and Lebanon for the Syrian, Palestinian refugees in September 2023. We distributed aid worth nearly £50,C(rfJ. We have plans for several trips in 2023124 to distribute further aid to those refugee camps. Please contart us if you need further details or visit: www.friendsfo You can also follow us on.. Twitter- Instagram - /friendsforyou On behalf of all the trustees, thank you. Imtiyaz Kola - Trustee ou.or Structure, 8¢)vernance, and management Governing document The charity 15 controlled by Its governlng document. a deed of trust and constitutes an unincorporated charity. The trustees actlvely review the major risks that the charity faces on a re8ular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will pmvide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity, its staff.. and volunteers. especially during difficulties and confirm that they have established systems to mitigate the significant risks. Approved by order of the board of trustees on 23 October 2024 and signed on its behalf by: Imtiyaz Kola Trustee Pa8e 15
INDEPENDENT EXAMINER'S REPORT TO THE TRUStEES OF FRIENDS FOR YOU Independent exarniner's report to the trustees of Friends For You I report to the charity trustees on my examination of the accounts of Friends For You for the year ended 31 March 2024. Responslbllltles and basls of report A5 the charity trustees of Friend5 For You, you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the Art and in carrying out my examination I have followed all applicable Directions given by the Charity Commlsslon under section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- l. Accounting records were not kept in respect of the Trust as required by section 130 of the Act- or 2. The accounts do not accord with those records- or 3. The accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CM)8 other than anv requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connection with the examination. I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. A Patel & Co. INWI Limited 341 Derby Street. Bolton. BL3 6LR Company Re8 No. 4970208 Date 20-01-25 Page16
CharityNo. 1159911 FRIENDS FOR YOU FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 F1699 A Patel & Co. A¢¢ountsnts
FRIENDS FOR YOU NOTES TO THE ABBREVIATED ACC YEAR ENDED 31ST MARCH 2024 1. ACCOUNTING POLICIES Accountin Convention The financial statements have been prepared under the historical cost convention. 2. FIXED ASSETS:. latln Assets FIXTURES & FITTINGS TOTAL Costs As at 31.03.2023 As * 31.03.2024 14 2142 21429 142 As al 3103 2023 Charge For the Year As al 31.03.2024 13754 1241 1499 13754 1241 14995 Not Book Value As al 31.03.2024 As 8t 31.03.2023 6434 7675
FRIENDS FOR YOU ABBREVIATEO BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2024 17 Cavendish Gardens Bomon BL3 3GB 2024 20 FIXED ASSETS 6434 7675 CURRENT ASSETS Cash in Hand & at Bank Other debtors & Prepayments 409326 150CQ 424326 358760 58760 CREDITOR Amount due wlhin one year 339 339 339 423987 430421 TAL AS ETS LESS C RRENT LIABIU FINANCED BY Ac¢umulaled Fund5 Reserves 4238SS -57759 64325 430421 Statement of trusleos responslbllltles The Trustees are responsible for preparing the Trustees Report and the accoun18 in accordance with applicable law and Unf(ed Kingdom Accounting Stsntjards {Unrted Kingdom Generally Accepted Acwunting Practieel. The law applicable to charities in England and Wales requires the Trustees lo prepare accounts for each financial year which give a true and fair view of the stsle of affairs of the Charty and of the incoming resources and application of resources of the CharKy for that year. In preparing these accounts, the Trustees are required to.. select suitsble accounting policies and then apply them eonsistently., _ eOseNe the methods and prineiple5 in the Charities SORP - make judgements and eslimales that are reasonable and prudent., continu on Page 1A
stale whether applicable a¢UntIng Standards have l)een foll¢Md. subj'ed to any material dgpartures dIloSed and explained in the accounts," and prepare the accounts on the going concem basis unless it is inappropriate lo presume that the charty wll continue in oper*ion. The Trust$ are responsible for keeplng sufficlenl accounting records that dlsclose with reasonable accuracy at any time the financial position of the Charity and enable them lo ensure that the accounts comply with the CharilY&s Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chanty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Accounts were approved by the board of trustees Signature ... Mr l. Kola
FRIENDS FOR YOU BALANCE SHEET AS AT 31ST MARCH 2024 Appendix 31.03.24 31.03.23 FIXED ASSETS 7675 CURRENT ASSETS Other debtors & Prepaym Cash in HarKI & al Bank 15000 40932 42432 358760 358760 CURRENT LIABILITIES Creditors & Accruals 339 339 339 RRENT A 423987 430421 358421 3860 REPRESENTED BY: Accumulated Fund Reserves 366096 64325 423855 -57759
FRIENDS FOR YOU TRADING & PROFIT & LOSS ACCOUNT FOR THE R ENDED T MARCH 2 1.03.24 INCOME Donations & subscriptions Hmrc Gift Aid 381217 364902 2434 389245 4057 -16463 417229 3177C14 99525 Less Donatlons Paid LESS EXPENSES P.P.S & Advertisements Rent Rates & Utilities Insurance Office exp. Meeliry & Hosp B8nk Charges Travel Expenses Repairs & Renewals Charty Sponsor License Protective Clothing Depreciation 680 3000 1284 1500 7047 418 16013 14C6 2150 461 1241 920 4000 2038 1717 1665 23343 2194 2421 5200 4129 -57759 NET INCOME FOR THE YEAR Add.. Accumulated fund bltsvd 366096 423855 Retained Incomel loss 430421
FRIENDS FOR YOU SCHEDULE OF FIXED ASSETS FOR THE YEAR ENDED 31ST MARCH 2024 2. FIXED ASSETS:. De reclatln Assets FIXTURES & FITTINGS TOTAL As at 31.03.2023 As at 31.03.2024 21429 14 21429 1429 D& rnciation As at 31.03.2023 Charge For the Year As at 31.03.2024 13754 1241 14 13754 1241 4995 Net Book Value As at 31.03.2024 As at 31.03.2023 7675 7675